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Front loaded?
Rubydoos
Posts: 27 Forumite
Hi could someone explain what a front loaded loan is and how would this appear on the paperwork?
Thanks in advance
Thanks in advance
0
Comments
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It would show ppi amount, interest amount and monthly payment, this will be included in the whole repayment for the loan.0
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It used to mean the interest was added for the whole loan right at the beginning. Often with the consequence the first half of all payments pay the interest with restrictions on over payments. Then only after that can you repay early or clear the loan before the time is up.Truth always poses doubts & questions. Only lies are 100% believable, because they don't need to justify reality. - Carlos Ruiz Zafon, The Labyrinth of the Spirits0
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Thank you.0
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